Our law firm’s Chapter 7 bankruptcy attorneys have successfully represented individual and corporate debtors in Chapter 7 proceedings throughout Florida, protecting our clients’ rights and successfully enabling them to reap all of the benefits Chapter 7 liquidations have to offer. Using an experienced chapter 7 bankruptcy lawyer to file for bankruptcy can offer needed financial relief while under protection of the bankruptcy court’s automatic stay. Chapter 7 bankruptcies are liquidation proceedings because in a Chapter 7, the bankruptcy trustee may cancel many or all of the debtors debts while also liquidating the debtor’s property to satisfy creditors. When filing a chapter 7 bankruptcy petition, the debtor will need to fill out forms describing and identifying the debtors property, the debtors current income and monthly living expenses, debts, exempt property, property sold or given away two years prior to filing of the petition and property owned and money spent during the preceding 2 years from the date of the filing of the petition.
As an individual or business owner, there is nothing quite as distressing as being unable to pay your debts. Constant calls from creditors, facing lawsuits, being sued for evictions or foreclosure, or the thought of closing your company’s doors can be life-changing. Chapter 7 of the United States Bankruptcy Code may be found here. If you are looking for a free legal resource to educate yourself on chapter 7 bankruptcy prior to choosing a chapter 7 bankruptcy lawyer, click here.
Chapter 7 may provide a much needed fresh start. It is important to fully understand how a Chapter 7 filing can affect you or your business. Retaining an experienced chapter 7 bankruptcy lawyer at our firm can provide you with valuable insight based on decades of legal experience to help you make the right choice for your set of unique circumstances.